81
81
Dec 19, 2012
12/12
by
CNBC
tv
eye 81
favorite 0
quote 0
the morning after president obama was reelected, goldman gapped down. i don't really need this. and that was a significant gap, all right. but the stock recent run has now filled in that gap. and lang considers the rebound to be a very bullish sign. that is an 18% move from where it is. here is my view. what drew me to goldman sachs has nothing to do with the chart. they are so far behind the rest of the stock market. the world's economies are beginning to strengthen and confidence return to the marketplace. despite being the best of the breed, it is quite inexpensive. but not even one times book which is the cash on hand. when it comes to buying back stock, goldman knows what it's doing. here is the bottom line. the charts and fundamentals are in agreement. i'm not a technician but i think it could go back here. take down some shares in the best that investment banking has to offer. >> coming up. please fill out these forms and then the doctor will see you. but as medical records move towards the 21st century, cramer looks at this trend ahead. >>> when the facts change you need
the morning after president obama was reelected, goldman gapped down. i don't really need this. and that was a significant gap, all right. but the stock recent run has now filled in that gap. and lang considers the rebound to be a very bullish sign. that is an 18% move from where it is. here is my view. what drew me to goldman sachs has nothing to do with the chart. they are so far behind the rest of the stock market. the world's economies are beginning to strengthen and confidence return to...
209
209
Dec 17, 2012
12/12
by
CNBC
tv
eye 209
favorite 0
quote 0
up next, it's sprint versus verizon. >>> then president obama and speaker boehner meeting today. is that why stocks are up? we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back. shares of sprint today dropping today after the telecom giant announced the remaining stake it does not own. sprint is one of the best performing stocks in the s&p 500 this year. is there still room to
up next, it's sprint versus verizon. >>> then president obama and speaker boehner meeting today. is that why stocks are up? we'll look at those deal meetings in washington. stay with us. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. executor of...
66
66
Dec 20, 2012
12/12
by
CNBC
tv
eye 66
favorite 0
quote 0
president obama says even if it does, i will veto it. but leader cantor said at least it something. >> absent a balanced offer from the president, this is our nation's best option. and senate democrats should take up both of these measures immediately. >> now democrats in the senate say they're not coming back to work until after christmas. it appears that the house may leave town after passing this esh it appears that if we got a deal struck that can stick, we're not going to get it until next week. >> john harwood for us down in the nation cap there will be a news conference at 1:15 eastern during power lunch. keep it here to watch for that live coverage. murph, how are you trading the market here? a couple triple digit gains in a row for the dow. now we pulled back a little bit. kind of a wait and see. >> the market is pricing in right now. i think you stay long. can you look at -- you have to have puts under your holdings. why? if we do not get a deal, i don't think that's priced in the market. but you have to have protection underne
president obama says even if it does, i will veto it. but leader cantor said at least it something. >> absent a balanced offer from the president, this is our nation's best option. and senate democrats should take up both of these measures immediately. >> now democrats in the senate say they're not coming back to work until after christmas. it appears that the house may leave town after passing this esh it appears that if we got a deal struck that can stick, we're not going to get...
190
190
Dec 13, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
can president obama get anything done until he gets something, no? >> all the cuts that happened as a result of the fiscal cliff, all over the place. let's cut hundreds of billions in defense. it doesn't indicate what missions are going to be no longer what, programs we're going to kim. i mean, we really have to be stupid to be doing that. >> so irresponsible. >> not knowing where the cuts are hitting. >> right. >> for the security of this country. >> i agree. >> so, therefore, you're going to get some agreement. maybe it's january 5th, maybe it's december 30th, january 10th, but it will probably be a band-aid agreement. that's the problem. this isn't going to be one of these long-term deficit reduction, credible agreements that does tax reform, entitlement reform. >> that's for another day. >> that's for another day, so i don't think the markets are going to real that much, but i think it will prevent the fiscal cliff. >> always good to see you, larry. >> very good insights for next year. >> ten minutes before the closing pebble. a market that's low
can president obama get anything done until he gets something, no? >> all the cuts that happened as a result of the fiscal cliff, all over the place. let's cut hundreds of billions in defense. it doesn't indicate what missions are going to be no longer what, programs we're going to kim. i mean, we really have to be stupid to be doing that. >> so irresponsible. >> not knowing where the cuts are hitting. >> right. >> for the security of this country. >> i...
165
165
Dec 4, 2012
12/12
by
CNBC
tv
eye 165
favorite 0
quote 0
ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that's why we're not seeing prices come dow
ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >>...
154
154
Dec 28, 2012
12/12
by
CNBC
tv
eye 154
favorite 0
quote 0
obama never even put spending cuts on the table. he's putting spending increases on the table for another round of solyndra stimulus spending. he was willing to save money, $1 trillion, but not occupying iraq for the next decade. they kicked him out of the country a little while ago, but he wanted to count that like not continuing the war of 1812 as his budget cut. >> don't you feel though we're at such a fiscal crisis situation that there needs to be compromise on both sides though? there has to be some give to get something done? >> oh, absolutely. look, the republicans passed the ryan plan which saves $6 trillion over the next decade. reforms entitlements. reforms taxes. what we need is some spending restrai restraint. maybe we don't get all $6 trillion that the republicans were tough enough and strong enough and brave enough and courageous enough and serious enough to pass a budget. you talked about harry reid picking on me. harry reid suggesting that i'm the reason they haven't done anything is a little bit silly. he ought to l
obama never even put spending cuts on the table. he's putting spending increases on the table for another round of solyndra stimulus spending. he was willing to save money, $1 trillion, but not occupying iraq for the next decade. they kicked him out of the country a little while ago, but he wanted to count that like not continuing the war of 1812 as his budget cut. >> don't you feel though we're at such a fiscal crisis situation that there needs to be compromise on both sides though?...
197
197
Dec 21, 2012
12/12
by
CNBC
tv
eye 197
favorite 0
quote 0
for the moment, he kicked the can over to the senate and said that president obama and harry reid have to work out a solution. harry reid kicked the can right back and said what the house ought to do is pass the bill the senate passed. >> if republicans want to assure american families taxes don't go up on january 1st, they should simply pass the senate bill. >> now, i think in reality, guys, that solution is about as likely as plan b. you've got to have democrats and republicans talking and i think the question now is going to be in talks over the weekend and next week, do we get either a medium to large deal resurrecting the deal that obama and boehner almost struck earlier this week or do you get a small deal that simply delays everything for a month while they continue hassling? not a pretty picture at this point. >> joining us, rob mcguyver of the gemson quality growth fun, troy, rick santelli is with us in chicago, as well. troy, what do you think? how do you invest? do you even bother to try and invest right now into 2013 with all that's going on in washington? >> if there's any
for the moment, he kicked the can over to the senate and said that president obama and harry reid have to work out a solution. harry reid kicked the can right back and said what the house ought to do is pass the bill the senate passed. >> if republicans want to assure american families taxes don't go up on january 1st, they should simply pass the senate bill. >> now, i think in reality, guys, that solution is about as likely as plan b. you've got to have democrats and republicans...
333
333
Dec 11, 2012
12/12
by
CNBC
tv
eye 333
favorite 0
quote 0
this is steeper than even president obama's proposal. obama, of course, wants the 45% rate but only applied to estates valued at 3.5 million or more. any cliff deal will have to include the estate tax, and that fight is just beginning. maria? >> amazing, another big fight over the estate tax. >> starting right now so a lot to look forward to. >> robert frank with the latest there. breaking news on mollycorp. over to you, brian. >> i followed this rare earth company for a couple of years and mark smith, the ceo and face of the company, no longer the ceo. i can tell you sources tell me, kind of a board decision as they say they are growing to an operational company. the company's also been investigated by the s.e.c. i'm ted the s.e.c. investigation does not have anything to do with this muff but a hi high-flyers. getting red pretty hard right now. still above $10. looked at his insider buying and selling. sold a lot last year and was in the process of buying some some of the shares this year. mark smith no longer the ceo and face of mcp. b
this is steeper than even president obama's proposal. obama, of course, wants the 45% rate but only applied to estates valued at 3.5 million or more. any cliff deal will have to include the estate tax, and that fight is just beginning. maria? >> amazing, another big fight over the estate tax. >> starting right now so a lot to look forward to. >> robert frank with the latest there. breaking news on mollycorp. over to you, brian. >> i followed this rare earth company for a...
70
70
Dec 10, 2012
12/12
by
CNBC
tv
eye 70
favorite 0
quote 0
1-800-345-2550 >>> china making its move to take over a company that has been a thorn in president obama ae side. a 123. it is a battery company. a chinese auto parts maker put in a winning bid for the beleaguered green giant. just fill us in on why it is so politically controversy, phil. >> a 123 received a loan by the department of energy, $249 million loan, plannedy. they say, you took that money in order to start up a business. that is a acceseparate question to now the chinese company bought it. the wanxiang group does a lot in the auto industry if n china. now they have an american division. the china plant, not any defense business, we will talk about that in just a bit. again, a123 did receive a $249 million lone from the u.s. government. what becomes of a123 now? essentially johnson controls within also bidding during the bankruptcy process for the battery part of the business dropped out. when they said, there bidding is too rich. we don't think the price matches the assets. they dropped out. a123 does have about 3,000 employees in the u.s. this has to be approved by the commit
1-800-345-2550 >>> china making its move to take over a company that has been a thorn in president obama ae side. a 123. it is a battery company. a chinese auto parts maker put in a winning bid for the beleaguered green giant. just fill us in on why it is so politically controversy, phil. >> a 123 received a loan by the department of energy, $249 million loan, plannedy. they say, you took that money in order to start up a business. that is a acceseparate question to now the...
174
174
Dec 19, 2012
12/12
by
CNBC
tv
eye 174
favorite 0
quote 1
so we think obama will do well. but it's not our only consideration. >> some of the other names, tim cook obviously gets mentioned a lot. the physicist. are you allowed to dissent like the way jeff lacker dissents? who would have been your pick? >> well, i was part of the group. and, you know, there was dissent within the group. you referred to earlier, yeah, it is one of the best things and the most fun things that we do within the group. but ultimately, it is rick stengel, the managing editor, it is ultimately his pick and what happens in the small council room stays in the small council room. >> jim, thanks so much. great seeing. >> nice to be here. >> jim frederick from "time." >> a battle brewing between facebook's instagram and twitter, and it involves your photos. we've got the details later on. right after the break, steven schoenfeld is here to tell us where your message money is being put to work in 2013. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went ou
so we think obama will do well. but it's not our only consideration. >> some of the other names, tim cook obviously gets mentioned a lot. the physicist. are you allowed to dissent like the way jeff lacker dissents? who would have been your pick? >> well, i was part of the group. and, you know, there was dissent within the group. you referred to earlier, yeah, it is one of the best things and the most fun things that we do within the group. but ultimately, it is rick stengel, the...
46
46
Dec 6, 2012
12/12
by
CNBC
tv
eye 46
favorite 0
quote 0
we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white house proposal and then republicans went out of their way to say they were laughing at that proposal, now they're not leaking, that's probably a sign of some real deal making but nonetheless harry reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it cou
we were told that yesterday speaker boehner and president obama held a phone call, it was said to be about 20, 28 minutes in length but neither side has leaked what happened on that phone call. the house republicans are not leaking, the white house just within the past hour said it's not going to tell reporters what was discussed, that's probably an encouraging sign that negotiations are taking place. last week we saw that they had a proposal and immediately house republicans leaked the white...
167
167
Dec 6, 2012
12/12
by
CNBC
tv
eye 167
favorite 0
quote 0
some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any time you lump congress in a question it drags down the number. finally if you look at the intense partisan split on outlooks for the economy, this is something that is relevant as we try to measure the pessimism or optimism of american voters, we see now an even split among those who say the economy will get better in the next year versus those who say it will get worse but there's a tremendous partisan split there. republicans, a six in ten republicans say the economy will get worse. it's the loser's lament after the election that they become more pessimistic, democrats overwhelmingly optimistic, independents interestingly agree more with the republicans, they expect the economy to get worse and that's one of the factors weighing down on public opinion as we head toward the last three weeks of the year's negotiations to avoid the fiscal cliff, carl. >> times a-wastin. with the deadline inching closer what needs to be do
some other surveys have shown president obama with a stronger hand. we looked democrats in congress together with the president, any time you lump congress in a question it drags down the number. finally if you look at the intense partisan split on outlooks for the economy, this is something that is relevant as we try to measure the pessimism or optimism of american voters, we see now an even split among those who say the economy will get better in the next year versus those who say it will get...
248
248
Dec 4, 2012
12/12
by
CNBC
tv
eye 248
favorite 0
quote 1
. >> sticking with the cliff, governors are set to meet with president obama and congressional leaders. the meeting coming one day after the white house rejected a republican plan for averting the cliff. chi chief washington correspondent john harwood is outside of the white house this morning. how do business leaders change the equation? >> reporter: the president is trying to orchestrate a consensus behind his approach to deficit reduction. this is a group part of the national governors association executive committee. a diverse group. he carried three states he represents and governors include scott walker, leader of conservative government reform movement going after public employee pensions and shrink government obligations that way. governors are pragmatic. the president is trying to make the case if you look at polls and revenue needs of the government and ageing of our population, the pragmatic thing to do is trim entitlements. the significance of speaker boehner's offer yesterday he put specifics on entitlements on the table. they are significant raising the medicare eligibili
. >> sticking with the cliff, governors are set to meet with president obama and congressional leaders. the meeting coming one day after the white house rejected a republican plan for averting the cliff. chi chief washington correspondent john harwood is outside of the white house this morning. how do business leaders change the equation? >> reporter: the president is trying to orchestrate a consensus behind his approach to deficit reduction. this is a group part of the national...
93
93
Dec 4, 2012
12/12
by
CNBC
tv
eye 93
favorite 0
quote 1
president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our colleagues at bloomberg and said a couple of things. first of all, his priorities now trying to break republicans in their resistance to raising the top rate by some amount, a stance republicans have been consistent on. more revenue, question, not higher rates, he is insisting on that as the price of negotiating with him. and he said the reason for that is if you take all of what can be raised in revenue from deductions that is politically realistic, not trying to take away the mortgage deduction in the face of tremendous resistance from consumers and the housing industry, you can only raise about 300 to $400 billion, but i think that is a promising indication from the president because then if you take, brian, $400 billion in deductions eliminat
president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our colleagues at bloomberg and said a couple of things. first of all, his priorities now trying to break republicans in their resistance to raising...
70
70
Dec 26, 2012
12/12
by
CNBC
tv
eye 70
favorite 0
quote 0
you have obama coming back from his vacation to deal with the fiscal cliff. we have low volume situation which moves a little bit more exaggerated. i'm not putting a lot of stock into this move. i think it's a little overdone. >> jim, good to see you for a second time today. you're looking at the chart of crude. technically speaking how important is the move in your view? >> well, this is funny. you started out the conversation with saying how significant is the move? that's what i've been dealing with all day. you look at the chart. we've been in a pretty well defined trend channel for a month or so. right now we've come to the top of it. the market is telling us the news out of the middle east and the news on the fiscal cliff is a pretty big deal. now it's decision time. is it big enough to take it above 91.25 and settle there? if it can't do that, it will be considered a failure. i want to be short oil and i think 8620 would be the downside. >> on the up side we're watching 9125. now you know what our guys are doing. are you buying or selling crude surge t
you have obama coming back from his vacation to deal with the fiscal cliff. we have low volume situation which moves a little bit more exaggerated. i'm not putting a lot of stock into this move. i think it's a little overdone. >> jim, good to see you for a second time today. you're looking at the chart of crude. technically speaking how important is the move in your view? >> well, this is funny. you started out the conversation with saying how significant is the move? that's what...
233
233
Dec 17, 2012
12/12
by
CNBC
tv
eye 233
favorite 0
quote 0
. >> obama said obviously the governors wanted it. the governors have done a magnificent job of fighting for their states. we should keep it in front of us because it was horrendous. >> let's frame the atmosphere with regards to the cliff. on friday you were pretty critical. you said politicians don't understand, with small business you need traffic, right? >> it's the customer. you've got to get the customer in. you don't do a small -- you don't create small business having bought and -- trying to recreate an in. what matters is customers. believe me, i have partners who are very caring about the tax situation. we care about customers. if you give something that makes the customers more confident, every business does well. if you don't give us confidence, our customers pull back. and they pull back not because of taxes, they pull back because they're scared of what will happen. >> the wheels of negotiation are moving. we don't know how quickly. >> as david tepper said, they could have a deal inning hours. >>> should you get in now or
. >> obama said obviously the governors wanted it. the governors have done a magnificent job of fighting for their states. we should keep it in front of us because it was horrendous. >> let's frame the atmosphere with regards to the cliff. on friday you were pretty critical. you said politicians don't understand, with small business you need traffic, right? >> it's the customer. you've got to get the customer in. you don't do a small -- you don't create small business having...
247
247
Dec 11, 2012
12/12
by
CNBC
tv
eye 247
favorite 0
quote 1
i'm quoting president obama when he was senator obama, bad economic times is not the time to raise taxes on anyone. then why are we raising taxes -- >> the people are for it. we should extend the middle class tax cut and not the -- >> i don't want to be rude, but congressman garrett from new jersey and congressman from new jersey. >> thank you for being here. >> this mission continues. we've got much more from capitol hill. this morning, at 10:00, senator mark warner, and 11:00 a.m. former white house chief of staff, i remember when he was working in the private sector. now it's time for my co-anchor to come in. >> jim, i can't tell if you're having fun down there or not. you tweeted this morning that -- >> you call this fun? >> yeah. >> i'll tell you one thing, guys, listening to that conversation, a few minutes before the opening bell, front page of the "washington post," investors aren't waiting for a deal. they're selling stock, they're trying to sell homes. they're setting up shelters, gifts for taxes. this discussion is not academic by any stretch of the imagination. >> we have to
i'm quoting president obama when he was senator obama, bad economic times is not the time to raise taxes on anyone. then why are we raising taxes -- >> the people are for it. we should extend the middle class tax cut and not the -- >> i don't want to be rude, but congressman garrett from new jersey and congressman from new jersey. >> thank you for being here. >> this mission continues. we've got much more from capitol hill. this morning, at 10:00, senator mark warner,...
286
286
Dec 10, 2012
12/12
by
CNBC
tv
eye 286
favorite 0
quote 1
president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we may be getting to the next phase of negotiations. the latest sign was possible corker, the senator from tennessee, who was on our air just a few minutes ago, as you know, saying republicans should concede ground on top tax rates and then get on to other issues. >> the best place for republicans to be, to me, is to pass the rate of rate increases, be done with it, the numbers aprobably much smaller than is going to ultimately be negotiated, and then we still are focused on the right thing, which is entitlement changes. >> and that may be what john boehner and president obama are discussing yeste
president obama, speaker boehner met face-to-face over the weekend to talk some fiscal cliff. our john harwood is live at the white house with more on that. john, good morning. >> good morning, carl. you know the president's been very clear since the election that republicans need to give on taxes for people at the top and not just on revenues, but also on tax rates because he says the math can't work otherwise. we've seen some signs of cracking in the republican unity. that suggests we...
186
186
Dec 18, 2012
12/12
by
CNBC
tv
eye 186
favorite 0
quote 0
as soon as president obama was elected, we started talking about the need to do something with the long-term financial security of this country. compromising takes courage. walking away, as they have done is so easy. >> now what reid was referring to there was a plan "b" option laid out this morning by speaker john boehner here on the house of representatives side of the capitol saying if we can't get a big deal with the president negotiated in time, we're prepared to move some legislation that would extend the bush tax cuts for everybody making less than $1 million a year. that he said was plan "b" for republicans, and he and his aides emphasized that they are not in fact walking away from a deal. they say they are still negotiating, but they just have to have something ready in case of emergency, in case they get up to that deadline and can't get to the deal. now the next development we're waiting for here in the capitol building is 5:40 this evening. all house republicans will gather in another conference meeting, and they will talk about this plan "b" and will talk about scheduling detai
as soon as president obama was elected, we started talking about the need to do something with the long-term financial security of this country. compromising takes courage. walking away, as they have done is so easy. >> now what reid was referring to there was a plan "b" option laid out this morning by speaker john boehner here on the house of representatives side of the capitol saying if we can't get a big deal with the president negotiated in time, we're prepared to move some...
279
279
Dec 28, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 1
primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth preservation strategies. that same survey found high net worth persons, those with $5 million or more in assets, obviously much more proactive in anticipating the tax consequences of going over the cliff than those with $1 million or less in assets. simon? >> okay, hampton, busy days. hampton pearson there in washington. straight ahead, a looming port strike that could cost the u.s. economy billions of dollars. the mayor of houston will join us live to tell us how this strike will affect her cities and cities right along the east coast. "squawk on the street" will be right back. off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa aut
primarily between house republicans and the obama white house in the senate. but a survey done by northern trust of high net worth individuals' priorities found 44% saying their top priority for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. another 15% said they wanted to see an end to gridlock. good luck. now, as far as their own wealth preservation strategies. that same survey found high net worth persons, those with $5 million or...
252
252
Dec 27, 2012
12/12
by
CNBC
tv
eye 252
favorite 0
quote 1
obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are going to have to come to a deal behind closed doors and announce it publicly, it is going to have to survive the vetting it gets publicly and then it's going to have the votes in both the house and the senate, which are very different bodies, one controlled by republican, the other controlled by democrats and that's going to be a very dicy thing to do but it's going to be a moment of high drama if we get a between now and monday. >> his point about proceed yours is a good one. the president spoke to the business roundtable the other day as you recall, eamon, even if you got
obama returning from holiday early? is he a man that this is irrelevant? and the market has a bit [ inaudible ] >> couldinged market is not reading this right, could be the president is coming back for strictly symbolic purposes and don't, in fact, get a deal going into new year's eve. we just don't know at this point. and there's a lot riding on this, on advice yowly, that we can't see from here how we are going to get this deal by monday, what's going to be required is these guys are...
230
230
Dec 19, 2012
12/12
by
CNBC
tv
eye 230
favorite 0
quote 0
the honor going to president obama. time writes we're in then midst of historical cultural and demographic changes and barack obama is in some ways the symbol and some ways the architect of this new america. in 2012, he found and forged a new majority. he turned weakness into opportunity and sought, amid great adversity to create what time says is a more perfect union. >>> ubs hit with a $1.5 billion fine. and manipulation by dozens of staff. the agreement was agreed to with u.s. and swiss regulators. they should have dean this earlier, barkleys only get hit for $250 million, you wait too long and end up with $1.5. barclays was hit back in june. the second largest fine ever only by hsbc $1.9 billion penalty agreed to, to settle the laundering probe, u.s. probe into laundering money. >>> and, if you haven't heard yet, we want to let you know, getco is doing it, beat iing ou and values knight at $3.75 a share. sirius xm radio has appointed jim meyer ceo. becky's hair is falling down a little bit. when women move their hai
the honor going to president obama. time writes we're in then midst of historical cultural and demographic changes and barack obama is in some ways the symbol and some ways the architect of this new america. in 2012, he found and forged a new majority. he turned weakness into opportunity and sought, amid great adversity to create what time says is a more perfect union. >>> ubs hit with a $1.5 billion fine. and manipulation by dozens of staff. the agreement was agreed to with u.s. and...
190
190
Dec 28, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
the obama tax cuts. i'm calling it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on the floor during the 2001 tax bill and said our job is to raise taxes when they need to be raised and lower them when they need to be lowered. that's the senate and the house's job. >> but, one man's -- is another man's -- if you look at the laugher curve you don't know when to raise and when to lower at this point. >> president obama kept bush's taxes in for two years. >> i know. >> but suddenly, you know, democrats like you love the 98%, and you hate the 2%. it's very weird. >> tell him, joe. >> don't hate the 2%. i'm not a self-
the obama tax cuts. i'm calling it first. the obama tax cuts. he's going to write a tax cut bill, send it up to the hill, and they're going to pass it. >> expires on january 2nd. >> do we make them permanent, jimmy? 98% of them will be made permanent? >> i hope not. that is not the job of the government. the government's job is to raise taxes and to lower taxes when our economy needs it. that's what the senate does. john breaux, former senator john breaux from louisiana sat on...
220
220
Dec 31, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
obama had offered that, but that appears now not to be on the table. do they in a sense have to do that because this sa forerunner of another negotiation we're going to have to have on the debt ceiling in february, and they're going to save that, if you like? >> i think that they don't really want to tackle these problems. they need also to be tackling medicare, which is the largest source of growth. they need to be thinking about giving seniors options for other kinds of programs other than traditional medicare. as paul ryan has proposed. and have competition between these different programs. and that would lower the cost of medicare, just as costs of lasix and cosmetic surgery has gone down. we need to look at larger solutions to our problems so we don't end up in the situation europe is, or greece with riots, or france with a top 75% tax rate that's driving people offshore. >> the problem may be that paul ryan coming through with solid plans on the deficit issue, and ultimately didn't win the white house. is it possible to have the conversation with
obama had offered that, but that appears now not to be on the table. do they in a sense have to do that because this sa forerunner of another negotiation we're going to have to have on the debt ceiling in february, and they're going to save that, if you like? >> i think that they don't really want to tackle these problems. they need also to be tackling medicare, which is the largest source of growth. they need to be thinking about giving seniors options for other kinds of programs other...
215
215
Dec 12, 2012
12/12
by
CNBC
tv
eye 215
favorite 0
quote 1
. >> of course, last time, speaker boehner did a deal with obama. it was actually rejected by the rest of the gop, and the whole thing fell apart. how significant is it as boehner looks to make room amongst your party for a compromise that he's removed four outspoken cob serve tiffs from the high profile committees in the new congress? >> i don't know if that has much to do with the deal coming up, or threats to force people to make a deal. but he's got a difficult job, no doubt. but i think we all know, as republicans, there's going to be additional revenue, as much as any of us want to resist it. there's going to be additional revenue. the question really is, and the ball is really in the president's court, how much are we going to deal with the spending side. remember, if the president gets everything he wants, that's only about $82 billion in revenue next year. with a deficit of, what, $1.2 trillion. so it really is the spending that matters most right now. and that's what we haven't seen a good plan for. >> sessions also told the "times" this m
. >> of course, last time, speaker boehner did a deal with obama. it was actually rejected by the rest of the gop, and the whole thing fell apart. how significant is it as boehner looks to make room amongst your party for a compromise that he's removed four outspoken cob serve tiffs from the high profile committees in the new congress? >> i don't know if that has much to do with the deal coming up, or threats to force people to make a deal. but he's got a difficult job, no doubt....
266
266
Dec 7, 2012
12/12
by
CNBC
tv
eye 266
favorite 0
quote 0
. >> people were supposed to hate them ahead of obama care. stocks doing well. what's coming up? >> i want to do disruptive companies and i watch "squawk." this company is one that has a stove you can put in a couple sticks of wood and starts and generates electricity. you can then charge your ipad, your iphone, you no longer have to be hostage to the grid and they did it -- it caught my eye during hurricane sandy. brooklyn company. the fire department use them. everyone is using them. >> you are doing more private companies with disruptive technology. >> i think that the exciting part of america is we have the world's greatest technology. i want to point it out. many companies are private. >> santelli has -- >> you have to be kidding. rick santelli here. welcome. my goodness. 74 74.5. i had to double-check that one many times. we're coming off numbers at 82.7 for number. 82.6 for october. those are close. the best numbers since the fall of '07. this 74.5 is a really big drop that takes you to the weakest numbers since august when we had a series of weaker numbers. now, whether s
. >> people were supposed to hate them ahead of obama care. stocks doing well. what's coming up? >> i want to do disruptive companies and i watch "squawk." this company is one that has a stove you can put in a couple sticks of wood and starts and generates electricity. you can then charge your ipad, your iphone, you no longer have to be hostage to the grid and they did it -- it caught my eye during hurricane sandy. brooklyn company. the fire department use them. everyone...
214
214
Dec 17, 2012
12/12
by
CNBC
tv
eye 214
favorite 0
quote 0
president obama spoke last night about change. >> we can't kol rate this any more. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complex, and that is true. no single law, no set of laws can eliminate evil from the world or event every senseless act of violence in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on the president to lead the nation on the issue of gun control. >> it's time for the president, i think, to stand up and lead and tell this country what we should do. not go to congress and say, what you guys want to do. this should be his number one agenda. he's the president of the united states. and if he does nothing during his second term, something like 48,000 americans will be killed with illegal guns. that is roughly the number of americans killed in the whole vietnam war. so let's get to cnbc's washington correspondent john harwood to talk about how washington will handle the gun control issue. i guess that's what we'll talk about this time. we hav
president obama spoke last night about change. >> we can't kol rate this any more. these tragedies must end. and to end them, we must change. we will be told that the causes of such violence are complex, and that is true. no single law, no set of laws can eliminate evil from the world or event every senseless act of violence in our society. >>> and earlier in the day, new york city mayor michael bloomberg called on the president to lead the nation on the issue of gun control....
121
121
Dec 23, 2012
12/12
by
WBAL
tv
eye 121
favorite 0
quote 0
president obama was among the dignitaries that attended the memorial service for the senator. the world war ii was the first japanese-american elected to both houses of congress, serving hawaii for 50 years. he died of respiratory complications last monday. he was 88 years old. former president bush is still in stable condition in a houston hospital. the 88-year-old former president has been hospitalized since november undergoing treatment for bronchitis. doctors are opportunistic he will make a full recovery. they said today he still needs to build up strength before they can release him. no discharge date has been set . >> it looks like the weather will be active as we head into the holiday week. just a few scattered clouds right now. when we turn the corner toward christmas, that will change. it is dry right now at the airport. there is a chance we could see light rain or snow during the day on monday, christmas eve. it should be drawn on christmas day. a bigger storm on wednesday and thursday. we have a lot to talk about in the forecast. we will do that momentarily. >> man
president obama was among the dignitaries that attended the memorial service for the senator. the world war ii was the first japanese-american elected to both houses of congress, serving hawaii for 50 years. he died of respiratory complications last monday. he was 88 years old. former president bush is still in stable condition in a houston hospital. the 88-year-old former president has been hospitalized since november undergoing treatment for bronchitis. doctors are opportunistic he will make...
227
227
Dec 20, 2012
12/12
by
CNBC
tv
eye 227
favorite 0
quote 0
president obama is calling it an automatic veto. should be interesting to watch, though. >>> and bracing for draco. the named winter storm is moving across the u.s., slamming a dozen states already and threatening to disrupt holiday travel in many, many more. it's thursday, december 20th. we've got one day left. enjoy. and "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. andrew, welcome back. i hope you're feeling better. >> thank you. i had a little bit of a stomach bug. >> we're all a little sick around the table here. >> i know. it's a little -- i feel like weak, you know when your bones feel a little something? you had that, joe, two weeks ago, right? >> exactly what you had. you didn't -- you remember -- i remember bridesmaids, right? i'm not sure what all that came out of. i had both going. you didn't have both going? you are the just -- you were hurling. >> i was, i was. in the middle of the night. i had to send an e-
president obama is calling it an automatic veto. should be interesting to watch, though. >>> and bracing for draco. the named winter storm is moving across the u.s., slamming a dozen states already and threatening to disrupt holiday travel in many, many more. it's thursday, december 20th. we've got one day left. enjoy. and "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen...
179
179
Dec 13, 2012
12/12
by
CNBC
tv
eye 179
favorite 0
quote 0
of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going on. we have rich people coming down to washington saying, listen, we will take our taxes but got to give a compromise. there's this curious where's tim geithner with specific doubts really get this thing going? what do they come up with? what did eamon javers come up with the other day? raise taxes a little less than you thought. he comes out and says, listen, medicare, make it this new able. we'd deal. but it's the president that is -- >> a deal if it gets done, how you get there is a question mark. does he finally need to know they are going to proceed to the increase in tax rates that he wan
of obama to actually raise the taxes on top earners. >> i think a mandate do both. the fed -- a lot of people blame the fed for everything, seems a little ludicrous, what the fed is saying, listen, guys, compromise and if you don't, you got to expect stocks to go down. consumer confidence coming down, small business coming down, compromise or else here is the future. the future is lower stock market. >> right. >> so i think that there is a -- there is a very funny thing going...
274
274
Dec 26, 2012
12/12
by
CNBC
tv
eye 274
favorite 0
quote 0
president obama heading back to d.c. we're following every development as the clock keeps ticking. >>> retail numbers rolling in. >>> plus investing trends in the new year. ♪ >> we're focusing in on where to put your money as 2013 approaches. the second hour of "squawk box" starts right now. ♪ >>> good morning. welcome to "squawk box" on cnbc. i'm joe kernen, along with andrew ross sorkin. becky quick is off today. is this evans hour? "youngblood?" >> i don't know this song. ♪ >> futures are higher not as much as before. 17 points or so. being up at all with the fiscal cliff really looking like we're -- why wouldn't we head over. you go back to 39.6 on anybody 250 and above and ride in and lower taxes and be a hero. see republicans vote against that. >>> pre-christmas shopping rush wasn't much of a rush at all, at least not the type economists were expecting. a mastercard spending poll reports holiday sales were up .7 of a percent a year ago well below expectations. and we'll get a fresh read also on home prices wh
president obama heading back to d.c. we're following every development as the clock keeps ticking. >>> retail numbers rolling in. >>> plus investing trends in the new year. ♪ >> we're focusing in on where to put your money as 2013 approaches. the second hour of "squawk box" starts right now. ♪ >>> good morning. welcome to "squawk box" on cnbc. i'm joe kernen, along with andrew ross sorkin. becky quick is off today. is this evans hour?...
142
142
Dec 5, 2012
12/12
by
CNBC
tv
eye 142
favorite 0
quote 0
president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either but china is coming back. >> naz 100 taking on facebook. >> money is an index to the naz 100. people paid for this in premarket. it was a mistake. >> citi thinks limited can do a special div. >> limited has a lot of cash. gap said no yesterday. hurt the stock. >> goldman starts utx neutral. great company. a slap in the face, carl. boom. slap in the face. >> you got that right. what's on "mad" tonight? >> i have been featuring these investment -- look, the etf. i've been feeling they know america. i have to know how bad america is. they do the southeast. great company. >> we've not talked a lot ab
president obama addresses the business roundtable and that could be critical. david has an exclusive interview with ken moelis. back to you guys. >> let's get six in 60. six stocks in 60 seconds. >> yesterday's news overshadowed by many things. a fantastic quarter. we knew it would be household formation buying on weakness. >> 17 straight. number of quarters where they beat it. this was a major miss. >> rbc does not like clf. this is again china. i don't like it either...
202
202
Dec 5, 2012
12/12
by
CNBC
tv
eye 202
favorite 0
quote 0
we want to have obama care. we want to have universal coverage. tell me how we can do this in context of not making your businesses a nightmare. i wish that was the approach of the president. i remember when i went down two towns with bernanke. one was in south carolina and the other was dilapidated. i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing for business competitivene competitiveness with regard to health care, it's the slowest on record. now, you could -- >> it's the recession. >> it could be. >> the slow growth -- >> that wouldn't explain all of it. it does feel like -- of course we need more data points. >> it sharply outpaces inflation. >> not in the last two years. >> it's come down. >> not if you are somebody who is at a small company who is -- >> business is -- the most important there is the growth in the cost of health care. if this is helping to bend the cost curve -- >> if you talk to small busine
we want to have obama care. we want to have universal coverage. tell me how we can do this in context of not making your businesses a nightmare. i wish that was the approach of the president. i remember when i went down two towns with bernanke. one was in south carolina and the other was dilapidated. i asked the mayors, they said we went to business and said, what do you need to make this right? and i wish the obama administration would -- >> indiana and illinois. >> the key thing...
301
301
Dec 24, 2012
12/12
by
CNBC
tv
eye 301
favorite 0
quote 1
. >> and you got you a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for
. >> and you got you a barack obama chia pet. in a couple of weeks, those things will be in full bloom. >> on ebay you can get one of those. i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner --...
173
173
Dec 18, 2012
12/12
by
CNBC
tv
eye 173
favorite 0
quote 0
even though obama says he's aiming for or we need $4 trillion. the congressional budget office estimates we need only $3 trillion to get to the baseline to put the deficit on a sustainable path. there's a little bit of fudge in that. what we want to do, this is a thing that matters. all the stuff back and forth get to a point where the growth of the deficit equals the growth of gdp. that's what we're in for. >> stick around because we're going to continue this conversation right now. we are joined by republican senator bob corker. he's a member of the banking committee. and senator corker, we've been talking with you just a week ago you told us that you would have to see some serious budget cuts and some serious issues to address entitlements before you would agree on any deal. >> yeah. >> does this proposal from the president do it? >> no. i'm really surprised, at the reporting today. unless something happened this morning at 6:00, we're not close to a deal. and i've been trying for three weeks. i've been standing on my head, doing cart wheels t
even though obama says he's aiming for or we need $4 trillion. the congressional budget office estimates we need only $3 trillion to get to the baseline to put the deficit on a sustainable path. there's a little bit of fudge in that. what we want to do, this is a thing that matters. all the stuff back and forth get to a point where the growth of the deficit equals the growth of gdp. that's what we're in for. >> stick around because we're going to continue this conversation right now. we...
172
172
Dec 27, 2012
12/12
by
CNBC
tv
eye 172
favorite 0
quote 0
president obama has proposed something. look we have agreement in both parties that we don't want taxes to go up at least for the people who make 250,000 dollars or less. we want to do something about the amt. both sides agree with that. let us at least pass a bill to deal with that. the senate passed a bill back in july. why can't the house just confirm that? >> oh, come on because the senate is a joke. they haven't even been able to pass a budget in over three years. come on. >> the senate passed a deal in july that dealt with the amt. it dealt with dividends and capital gains and it dealt with the, the fundamental issue of the tax rates. so i mean -- >> no, it dealt with the -- >> -- won't go up. >> i mean, let's have some consensus. let's at least agree on the things that we agree on, and then work on the more troubling issues afterwards. >> i saw annie yesterday, keith, and daddy warbucks had that same hairstyle. i think it's very compelling. i think -- >> i don't know if i'd call it a hairstyle. >> but it's a power, d
president obama has proposed something. look we have agreement in both parties that we don't want taxes to go up at least for the people who make 250,000 dollars or less. we want to do something about the amt. both sides agree with that. let us at least pass a bill to deal with that. the senate passed a bill back in july. why can't the house just confirm that? >> oh, come on because the senate is a joke. they haven't even been able to pass a budget in over three years. come on. >>...
199
199
Dec 18, 2012
12/12
by
CNBC
tv
eye 199
favorite 0
quote 0
we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the spending side and we have the administration trying to get a bit more about how they would do it. this right now, one more look, 200 apart by the dems measure and 295 on the gop measure when it comes to revenue. that should help people begin to price how close they are in coming to a deal. >> steve, two things come to me. one is the perfect being the enemy of the good and -- >> the what? >> the comments this morning about the light at the end of the tunnel. it doesn't look like a large difference. >> it doesn't but the question becomes the $95 billion which i can
we know the obama administration wants to go back to the 2009 level. that raises $100 billion, as far as we know. the gop does not want to do that. okay. you've been through the math. now let's total it up. what are the differences here? on one measure this is pretty much the democrat's measure. it's a $200 billion difference. again, only on revenue. add back that 95 billion that the gop says and it's a $300 billion difference. carl, all i can tell su that we're working the phones hard on the...
331
331
Dec 15, 2012
12/12
by
KGO
tv
eye 331
favorite 0
quote 0
and he looked at me, like, because i did this obama impression that everybody was used to me doing and he looked at me -- that's pretty good. >> jimmy: busted. >> yeah. i'm like, thanks, i've been working on it for a long time. >> jimmy: can they throw you off the detail? can they call abc, say, jake's not allowed in the white house anymore. >> for bad impressions? >> jimmy: for anything. >> no, i mean, i guess they could. i mean, but not when you're with abc news. >> jimmy: right. it wouldn't be appropriate. >> pretty good sense of humor. what people may not know is that jimmy is a failed cartoonist, as i am. we both pursued that at one point. >> jimmy: you are a very good artist, actually. >> you are -- >> jimmy: let's not get into each other here. >> you should know, he gave me some pens and so a couple of the maps in here were drawn with your pens. >> jimmy: i feel like i've written something. >> i should have acknowledged. jim this is the book. it is well worth reading. jake tapper, everybody. we'll be right back with jason dick the "jimmy kimmel live" concert series sponsored by
and he looked at me, like, because i did this obama impression that everybody was used to me doing and he looked at me -- that's pretty good. >> jimmy: busted. >> yeah. i'm like, thanks, i've been working on it for a long time. >> jimmy: can they throw you off the detail? can they call abc, say, jake's not allowed in the white house anymore. >> for bad impressions? >> jimmy: for anything. >> no, i mean, i guess they could. i mean, but not when you're with abc...
324
324
Dec 3, 2012
12/12
by
CNBC
tv
eye 324
favorite 0
quote 1
. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope for a voiding what a lot of people think is a calamity. >> but leadership isn't calling the other side names. i think when you talk about the big four, boehner, reid, pelosi -- >> no, not them. >> obama is on the legislative branch. we have to give him a break on that. but there are four big people. those four people couldn't be more inept. >> it's boehner -- the mcconnell and pelosi and reid have nothing to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -
. >> anything short of marginal rates, here's the times today, obama's end to giving in. there's a big piece in the journal also about that quoting all these leading democrats saying the president has to hold firm this final they're tieing a whole four years to this, the way this goes, so goes the next four years. so far he's under enormous pressure to stand pat. and boehner i think is under even more enormous pressure because a lot of people see boehner if the house as the last best hope...
190
190
Dec 24, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
we're back to obama care. it's going through, whether you like it or not, this is the way it's going to be. >> here's the deal. i am wary of sort of reporting without context, and all of that. i don't doubt that the report is how it went down. but without context, i think people read into a lot of things, the conversation that none of us were present for. but here's what is absolutely crucial. i think there are two things to remember out of this deal. what i heard the speaker say last week, and i think the speaker's trying. i think he's trying but he can't get this conference together, i heard him say that even on a vote he wanted he couldn't get them there because there were people who felt they would go home and it would be perceived that they had raised taxes. and i heard him shrug his shoulders and say, well there's that. there's nothing more i can do. that's governing from fear. as opposed to governing from leadership. and somebody else on a show one day said a lot of these republicans really believe, thi
we're back to obama care. it's going through, whether you like it or not, this is the way it's going to be. >> here's the deal. i am wary of sort of reporting without context, and all of that. i don't doubt that the report is how it went down. but without context, i think people read into a lot of things, the conversation that none of us were present for. but here's what is absolutely crucial. i think there are two things to remember out of this deal. what i heard the speaker say last...
190
190
Dec 20, 2012
12/12
by
CNBC
tv
eye 190
favorite 0
quote 0
obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you sense there is a framework for a deal to be done. we hope partisanship doesn't torpedo the entire series of conversations but it feels like the two sides are close enough that there ought to be a deal that can be cut. >> so the detour that we've taken over the past 48 hours with regard to plan b, is that a political tool or do you believe that is actually a road that leadership wants to go down if they have to ? >> i think everything at this point is a political tool. i think both sides should want a deal. investors want a deal. the american public wants a deal. folks
obama said yesterday talks with speaker boehner were deteriorating. a member of the ceo fiscal leadership council of the campaign to fix the debt, he joins us now. when you're on fix the debt, it must be doubly frustrating. what's your latest take? >> well, as we all know, the situation is very fluid. to me it appears as though there has been some signs of progress on both sides both in terms of speaker boehner's involving position, i think the white house position has been evolving. you...
270
270
Dec 10, 2012
12/12
by
CNBC
tv
eye 270
favorite 0
quote 1
add obama care. then add 13.8 in california. and you're a small business, running as an "s" corporation, should you really pay higher than 50% of income into government? that's before any sales tax. that's before paying the cable tax to watch this show. that's before paying the water tax when you take a shower. think about that. and people want to just give more? and hope spending cuts will come at some later today? >> congressman, we hear you. we appreciate it. and thanks for appearing this morning. >> thanks for having mean >> okay. >> when we come back, the headline number on friday's jobs report shows better than expected payroll gains. but there were sceigns of weakns in the participation rate and downward provisions to earlier reports. steve liesman joins us next with more on how economists are reacting to those numbers. >>> tomorrow, "squawk box" is kicking off a special day of fiscal cliff coverage. rise above: mission critical. becky quick and jim cramer, live in washington. 33 special guests, grover norquist, congressm
add obama care. then add 13.8 in california. and you're a small business, running as an "s" corporation, should you really pay higher than 50% of income into government? that's before any sales tax. that's before paying the cable tax to watch this show. that's before paying the water tax when you take a shower. think about that. and people want to just give more? and hope spending cuts will come at some later today? >> congressman, we hear you. we appreciate it. and thanks for...
129
129
Dec 24, 2012
12/12
by
CNNW
tv
eye 129
favorite 0
quote 0
businessmen make lousy presidents. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. you know? i mean, citizens united is a horrible thing people can spend and waste this amount of money on elections? think of the people that could benefit from that money. >> there have been two elections since i have been in america. two elections where one party has had far more financial firepower. one was with meg whitman and one was with romney. the most money lost. what does that tell you? >> the people are getting smarter. they're going, i don't like this amount of money spent on this election. there should be a given -- campaign finance reform is very important. i hope somebody does something about it. you should have a given amount, equal amount, equal air time. that's it. you know? that idea of corporations being people, no, no. this is a country of, by and for the people. not of, by and for the corporation. you know? it's like because i'm so against gmos, the mo
businessmen make lousy presidents. >> why have you been so consistently supportive of obama? >> i can't even imagine thinking about what would happen to the supreme court if a republican were the president. you know? i mean, citizens united is a horrible thing people can spend and waste this amount of money on elections? think of the people that could benefit from that money. >> there have been two elections since i have been in america. two elections where one party has had...
143
143
Dec 21, 2012
12/12
by
CNBC
tv
eye 143
favorite 0
quote 0
and saying he has not walked away from talks with president obama. now, from the white house side, it seems the president has changed his goal to only a tax deal and perhaps only a tax deal for those making $250,000 and below. not the $400,000 number he offered to boehner. you figure it out from this statement last night from a presidential spokesman. the president's main priority is to ensure that taxes don't go ul on 98% of americans and 97% of small businesses in just a few short days. it looks like they are trying for just that, $250,000 piece, and below. continue the tax cuts from the bush administration. the speaker did say the failed vote will not endanger his speakership. >> and while we may have not been able to get the votes last night, to avert 99.81% of the tax increases, i don't think -- they weren't taking that out on me. they were dealing with a perception that somebody might accuse them of raising taxes. >> melissa, i think things are not good, but maybe they're not as bad as we thought before. in that, the speaker remains ready to co
and saying he has not walked away from talks with president obama. now, from the white house side, it seems the president has changed his goal to only a tax deal and perhaps only a tax deal for those making $250,000 and below. not the $400,000 number he offered to boehner. you figure it out from this statement last night from a presidential spokesman. the president's main priority is to ensure that taxes don't go ul on 98% of americans and 97% of small businesses in just a few short days. it...
166
166
Dec 14, 2012
12/12
by
CNBC
tv
eye 166
favorite 0
quote 0
obama and mr. boehner come out with a deal it is generally accepted they'll need democratic votes to pass it and that means that mrs. pelosi has to participate. i think yesterday she threw a major hurdle into this process by saying that she won't even deal with entitlement reform. >> right. so then there is the senate minority leader mcconnell who says, well, let's try to force her hand or try to force the white house's hand and get them to talk about entitlements by giving them what they want on rates. why is that not a smart strategy? >> i'm all for putting forth some legislation. we've talked with conservative leaders in the senate, senator johnson, rubio, i think it makes sense to come forward and say here is what we would like. here is where we are on rates and flush the issue. you may see some progress on that at least in the senate next week. >> when you say here is where we are on rates, meaning what? we are willing to go up to something below, not quite to 39? >> personally or as a party i
obama and mr. boehner come out with a deal it is generally accepted they'll need democratic votes to pass it and that means that mrs. pelosi has to participate. i think yesterday she threw a major hurdle into this process by saying that she won't even deal with entitlement reform. >> right. so then there is the senate minority leader mcconnell who says, well, let's try to force her hand or try to force the white house's hand and get them to talk about entitlements by giving them what they...
319
319
Dec 14, 2012
12/12
by
CNBC
tv
eye 319
favorite 0
quote 0
house speaker john boehner and president obama met for the second time this week. both parties are trying to avoid the fiscal cliff. the men had a frank discussion and the lines of communication remain open, although no specific details were released. the meeting came after frustration in washington. this was house speaker boehner earlier in the day. >> republicans want to solve this problem by getting the spending line down. the president wants to pretend the spending isn't a problem. that's why we don't have an agreement. >>> president obama remains hopeful that a deal will get done. he he told a cbs affiliate that he's willing to do a lot more in cuts and spending, i seas, paired up with a little more in revenue. we're going to talk more about this with john harwood in just a few minutes. >> mcafee today. >> today. >> you're doing -- >> i can't even get over it. >> i think he's in florida, right? >> are you going to ask him all those -- you know when you get a guy, you like to needle them with questions they don't want to hear? just don't get him too mad at you,
house speaker john boehner and president obama met for the second time this week. both parties are trying to avoid the fiscal cliff. the men had a frank discussion and the lines of communication remain open, although no specific details were released. the meeting came after frustration in washington. this was house speaker boehner earlier in the day. >> republicans want to solve this problem by getting the spending line down. the president wants to pretend the spending isn't a problem....
233
233
Dec 31, 2012
12/12
by
WTTG
tv
eye 233
favorite 0
quote 1
. >> so many people thought, nowth that president obama was reelected, that we still wouldn't receive the same sort of gridlock in congress. >> it won't happen, it won't be different until incumbents are beaten just for being an incumbent, and that didn't happen. even the approval rating is 9 o 10%.%. >> let me ask you about this.th we haven't finished this deal yet, and as we wait for the clock to tick down here and hopefully get this deal accomplished, we're going to have to deal with a debt ceilinb in a few more weeks.ee how frustrating is this? >> you took the words away from me, because that's what i was going to bring up. brlast time, the credit rating f the united states for the first time was dropped, and remember the president said we talked about this a few sundays ago, said i'm not going to play thato game again.inn. he wanted a permanent doing away with that, then he settled, and said i'll do two years, now it's off the table, so that's what republicans are using asus leverage to get what they want, and you're right.e that will be an annual trainua wreck. >> and if we don'
. >> so many people thought, nowth that president obama was reelected, that we still wouldn't receive the same sort of gridlock in congress. >> it won't happen, it won't be different until incumbents are beaten just for being an incumbent, and that didn't happen. even the approval rating is 9 o 10%.%. >> let me ask you about this.th we haven't finished this deal yet, and as we wait for the clock to tick down here and hopefully get this deal accomplished, we're going to have to...
279
279
Dec 7, 2012
12/12
by
CNBC
tv
eye 279
favorite 0
quote 0
president obama twice before has made declarative statements about what he's not willing to do. and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today, forget it. >> they can't pass it in their own house. >> so here is the question. the operative question is does this administration really want to take to us $22 trillion? is that really where they want to go? because that's the pathway. and if they do, aren't we better to deal with this right now? this doesn't get any better the longer we wait. when you have the speaker saying we're willing to move, our movement is to put revenue on the table -- >> are you saying a bucket of crazy is better than the long term implications? >> that's what the country is dealing with. neither are things you want to embrace
president obama twice before has made declarative statements about what he's not willing to do. and frankly, all we've heard from the white house is what they're not willing to do. so the president has signed the it tension of these rates in the past. i think the underreported story in all of this drama are senate democrats that are wringing their hands and avoiding eye contact. >> mcconnell would have produce the brought it up not just as an amendment. >> we're too busy today,...
151
151
Dec 26, 2012
12/12
by
CNBC
tv
eye 151
favorite 0
quote 0
but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the extra week that there is. number two, we've had much lower cotton costs this year. their overall costs are lower. that's helping their earnings. number three, inventory levels are much lower. and that's going to help their gross margins. number four, we had pretty good gdp numbers in q-3. number five, home prices are i
but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it...
130
130
Dec 11, 2012
12/12
by
MSNBCW
tv
eye 130
favorite 0
quote 0
president obama is a marxist, socialist, rigid ied lo log. and for whatever reason he believes he had some self-conceived mandate to go out and further destroy and ruin our economy. >> if you have any lingers nostalgia, that should kill it. patrick murphy somehow cheated to win the race, supposedly. >> the most important thing everyone has to understand is my voice is not going to be lost. we've gotten a lot of opportunities, a lot of offers and we're going to make sure that we have continue to have that platform. i'm not going away just because of a congressional race where he seems to have had to cheat to beat me. >> following the show, the west campaign spent about $18 million for the election, more than quadruple, four times, what his opponent spent and then beat him. finally, an associate of the gambino crime family. several charges, the new york post got ahold of a cash of e-mails that tony's lawyer filed last week in an attempt to show that his client is friends with big-league politicians. well, the catch, see if any of these e-mails
president obama is a marxist, socialist, rigid ied lo log. and for whatever reason he believes he had some self-conceived mandate to go out and further destroy and ruin our economy. >> if you have any lingers nostalgia, that should kill it. patrick murphy somehow cheated to win the race, supposedly. >> the most important thing everyone has to understand is my voice is not going to be lost. we've gotten a lot of opportunities, a lot of offers and we're going to make sure that we have...